My Worst And Best Friend Term paper

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Sales by Management Responsibilities and Geographic Area

Jan.–Sep.

Jan.–Sep.

Variation

Real Internal Growth

2000

1999

Jan.–Sep. 2000

in CHF billion

%

%

TOTAL

59.5

54.4

+ 9.5

4.2

Food

· Europe

19.4

19.8

- 2.0

1.9

· Americas

18.0

15.7

+ 15.2

3.6

· Asia, Oceania

and Africa

11.6

9.7

+ 18.8

6.9

Other Activities

10.5

9.2

+ 14.7

7.2

Vevey, October 20, 2000 – As will be announced at the press conference beginning today at 10:30 (CET), the Nestlé Group's consolidated sales reached CHF 59.5 billion during the first nine months of 2000, up 9.5 percent over the period January-September 1999. This confirms the generally good perspectives for the full year 2000. At comparable structure and constant exchange rates, sales growth amounts to 4.9 percent.

Cumulative real internal growth at the end of September stood at 4.2 percent, even though the comparison basis was clearly more difficult than during the first semester. As expected, exchange rates had a slightly lower positive impact of 5.7 percent, while divestitures, net of acquisitions, lowered the consolidated sales by 1.1 percent. Nestlé succeeded in making the necessary price adjustments amounting to 0.7 percent of turnover.

European sales were strongly affected by the divestiture of the Findus operation (with annual sales of about CHF 900 million), as well as...

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